Charity Law Update
We are grateful to Anthony Collins Solicitors for their support and regular updates on charity law at meetings and events. You can sign up to receive their regular e-briefings via the Anthony Collins website or contact them about any legal services. We also produce some financial information updates.
Below are some recent highlights of law and procedural changes that affect charities.
The Charity Commission have updated two pieces of guidance recently, both in the financial areas - Managing Charity Finances and Charity governance, finance and resilience - 15 questions trustees should ask.
Fundraising Regulator and the Code of Fundraising Practice: Registered charities in England and Wales can now apply to register with The Fundraising Regulator. Charities with fundraising costs of over £100,000 are asked to pay an annual levy. Charities with lower fundraising costs can register for a flat fee of £50 a year. In return for paying the levy, charities will receive access details for the Registration Pack - containing the 'Registered With' badge in several formats and guidelines for badge usage.
In 2016 the Charity Commission revised its guidance on fundraising and the Institute of Fundraising has produced a free handbook called Trustees and Fundraising: A practical handbook to complement the official Charity Commission CC20 guidance on fundraising for trustees.
Data Protection: There are going to be major changes in Data Protection Law coming into effect in May 2018. Anthony Collins has produced some Data Protection guidance for charities.
Register of People with Significant Control: If your charity is a UK company (usually a company limited by guarantee), then you will now need to file a ‘confirmation statement’ at Companies House in place of an annual return. Visit the Anthony Collins website for more information. You can also find more information about People with Significant Control on the Charity Commission website.
Charity Annual Returns and accounts: The Charity Commission provides helpful guidance on how to prepare the Annual Return. Visit their guidance page.
Accruals accounts – guidance and templates: The Charity Commission has published the following, to help non-company charities with incomes of less than £500,000 prepare their trustees’ annual report and accrual accounts in accordance with Charities SORP FRS 102:
- Accruals Accounts pack (CC17) – SORP FRS 102
- Charity accounting templates: accruals accounts (CC17) - SORP FRS 102
- Independent examiner’s report template - SORP FRS102
- Trustees’ annual report template - SORP FRS102
Thinking about converting to a CIO?: Those working in the charity and social enterprise sector know that a good legal structure enables an organisation to work effectively to achieve its aims. Anthony Collins have produced guidance on converting to a CIO.